This site uses cookies.
Some of these cookies are essential to the operation of the site,
while others help to improve your experience by providing insights into how the site is being used.
For more information, please see the ProZ.com privacy policy.

This profile contains dynamic content (javascript) supplied by the profile owner. Although such content is common on the internet and is likely harmless, there is a possibility that security risks may be involved. Learn more.

English to Spanish: Market Barriers General field: ScienceDetailed field: Energy / Power Generation

Source text - EnglishMarket Barriers
The industry focuses on increasing the output of the oil fields and rate of return of the investments, while also decreasing the environmental impact and energy consumption associated with the extraction. One of the market barriers for energy efficiency in this industry has been the cutback in activity. Domestic extraction has shown a declining trend since 1986, though is likely to increase with the jump in oil prices of late.
Traditionally, the industry has resisted participating in energy efficiency practices because oil producers have first access to the fuels produced, and in some cases can deduct fuel costs as an operating expense. However, as the cost of electricity as well as electrical energy consumption increases due to increasingly depleted wells, energy efficiency is becoming a more important issue. The lack of advanced EE technologies specific to the industry and high demand for crude oil has also diverted financing opportunities to increasing output and “selective” exploration instead of energy efficiency.